A piece of news you may have missed

You may have missed the news that the last of China’s Big Four banks, Agricultural Bank of China, is going public.  The reason that this news is important is that the significance of the event is likely to be counter-intuitive.  Investors around the world are...

All quiet on the blogstern front

You may have noticed that I have been posting to the blog less than in the past.  Don’t be alarmed.  I am still diligently tracking businesses, the economy and the financial markets.  However, there really has not been much to comment upon of late.  The...

The U.S. Treasury currency report

Yesterday the U.S. Treasury Department releases its semi-annual currency report.  The big news was that the language toward China was significantly softened.  In the past China has been described as a currency manipulator.  But last month the Chinese stated their...

Earnings expectations driving market rise?

Today’s Wall Street Journal is reporting that the recent rally in the stock market is largely attributable to second quarter earnings expectations taking hold of investors.  Several weeks ago I said that most of the news that could drive financial market levels...

The Spanish succeed in raising debt

Recall that in the last several weeks I discussed the importance of the upcoming Spanish government debt auction.  I felt that it would be an indicator of the investment community’s faith in the European’s ability to have staved off their debt crisis. ...

Census bureau jobs end = increase in the jobless

In the month of June the U.S. economy shed 125,000 workers.  However, the U.S. government single-handedly represented 225,000 of the lost jobs as the temporary jobs of the U.S. census were shed.  What that means is that net, the U.S. economy added 100,000 jobs. ...